RHB Investment Research Reports
Trading Stocks - Synergy House
rhbinvest
Publish date: Mon, 26 Feb 2024, 10:02 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Synergy House is in the midst of consolidating and may be resuming its uptrend. The counter has been moving sideways below the MYR0.855 resistance. The 21-day SMA line is moving upwards, indicating that the short-term trend remains bullish. In the event, the counter breaks past the immediate resistance, it will climb towards MYR0.90, then MYR0.95. Conversely, breaching below the MYR0.80 support will kick off a downtrend.
Source: RHB Securities Research - 26 Feb 2024
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